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Novay_Z [31]
4 years ago
15

Your fixed expenses are $1,328.90/month and you saved 4 months' worth in an emergency fund. You place half in a 45-day CD at a 4

.5% APR and the remainder in a regular savings account at a 3.2% APR. How much total interest do you earn in 45 days? $23.01 $25.24 $21.19 $24.84
Business
1 answer:
ELEN [110]4 years ago
6 0

Answer:

You saved 4 months

1,328.9 × 4 = 5,315.6

half in each account

5,315.6 ÷ 2 = 2,657.8

CD interest

2,657.8 × 0.045 × ( 45 ÷ 365 ) = 14.75

Savings account

2,657.8 × 0.032 × ( 45 ÷ 365 ) = 10.49

14.75 + 10.49 = $25.24 total interest earned

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Virty [35]

Answer:

The correct answer is

A. $5,000

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3 0
3 years ago
Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. Henry will graduate in four years, and th
Zinaida [17]

The correct statement is that Henry must pay around $48.68 each month to avoid interest capitalization on his unsubsidized Stafford loan of $7800. So, the correct option is B.

The calculation will be done by calculating the amount of interest and dividing such values by the number of months over the period of repayment.

<h3>Calculation of Interest Capitalization </h3>

  • The annuity of education loan will be,

  • \rm Annuity= 7800(1+ \dfrac{0.056}{12})^1^2^x^1^0\\\\\rm Annuity= \$13637.47

  • The interest over such calculation is approximately $5837.47 and hence the payments to be made so that the interest does not capitalize will be,

  • \rm Monthly\ Payments = \dfrac{5837}{120}\\\\\rm Monthly\ Payments = 48.68

Hence, the correct option is B that the monthly payments of $48.68 is to be done to avoid interest capitalization.

Learn more about interest capitalization here:

brainly.com/question/417585

6 0
3 years ago
What is the meaning of dialogue​
sleet_krkn [62]

Answer:

it is a communication that permits people to share their honest opinions even those which have,historically, been difficult to discuss in ways that get ideas out on the table but without offending others

3 0
3 years ago
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He people who promote innovations as part of the process of transmission are called? adopters. transmitters. innovators. entrepr
Alina [70]

The people who promote innovations as part of the process of transmission are called "Transmitters".

<h3>What do you mean by term Innovations?</h3>

An innovation refers to the action or process of changing/transforming something. It an be used to make a process more effective.

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.

Adding to it, the transmitters are those who are helpful in the process of transmission of something. Rest all options like A, C and D are incorrect.

Therefore, correct option is B.

Learn more about transmitters, refer to the link:

brainly.com/question/2084370

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6 0
2 years ago
Carter's preferred stock pays a dividend of $1.40 per quarter. If the price of the stock is $69.00, what is its nominal (not eff
anygoal [31]

Answer:

Carter's preferred stock nominal annual expected rate of return is 8.12%.

Explanation:

Nominal annual expected rate of return of a preferred stock can be described as the current or unadjusted rate of return of the stock.

The nominal annual expected rate of return can be calculated as follows:

Nominal annual expected rate of return = Annual preferred stock dividend per share / Preferred stock price ............. (1)

Where;

Annual preferred stock dividend per share = Dividend per quarter * 4 = $1.40 * 4 = $5.60

Preferred stock price = $69.00

Substituting the values into equation (1), we have:

Nominal annual expected rate of return = $5.60 / $69.00 = 0.0812, or 8.12%

Therefore, Carter's preferred stock nominal annual expected rate of return is 8.12%.

3 0
3 years ago
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